Yale Prof. Shiller Thinks Bitcoin’s ‘Bubble’ Could Actually ‘Linger 100 Years

Yale economics professor and Nobel Laureate Robert Shiller has admitted in an interview with CNBC Thursday, Jan. 18., that he now “doesn’t know what to make of Bitcoin ultimately” after earlier calling it “the best example of a bubble”.

In fresh comments Thursday, several months after he told host Brian Kelly it was Bitcoin’s “story”  not its value that had sparked public interest in it, Shiller told reporters “it [Bitcoin] has no value at all unless there is some common consensus that it has value. Other things like gold would at least have some value if people didn’t see it as an investment,” repeating a common narrative that investment in Bitcoin is like the 17th-century Tulip Mania…

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